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Sony to Acquire Gaikai for $380 million

Sony Computer Entertainment SCE annunced that they will acquire Gaikai Inc., a leading interactive cloud gaming company for about 380 million dollars. Through the acquisition, SCE says that they “will establish a new cloud service, ensuring that it continues to provide users with truly innovative and immersive interactive entertainment experiences.” What this means for the future of PlayStation, including a possible PS4 console, or lack thereof, is still uncertain, and probably will be for some time. I actually played around with Gaikai at E3 and was quite impressed.

“By combining Gaikai’s resources including its technological strength and engineering talent with SCE’s extensive game platform knowledge and experience, SCE will provide users with unparalleled cloud entertainment experiences,” said Andrew House, President and Group CEO of Sony Computer Entertainment Inc. “SCE will deliver a world-class cloud-streaming service that allows users to instantly enjoy a broad array of content ranging from immersive core games with rich graphics to casual content anytime, anywhere on a variety of internet-connected devices.”

“SCE has built an incredible brand with PlayStation and has earned the respect of countless millions of gamers worldwide,” said David Perry, CEO of Gaikai Inc. “We’re honored to be able to help SCE rapidly harness the power of the interactive cloud and to continue to grow their ecosystem, to empower developers with new capabilities, to dramatically improve the reach of exciting content and to bring breathtaking new experiences to users worldwide.”

Established in 2008 and headquartered in Aliso Viejo, California, Gaikai has developed the highest quality, fastest interactive cloud-streaming platform in the world that enables the streaming of quality games to a wide variety of devices via the internet. With this acquisition, SCE will establish a cloud service and expand its network business by taking full advantage of Gaikai’s revolutionary technology and infrastructure including data centers servicing dozens of countries and key partners around the world.

Source: Press Release